203 Gianetto Drive, Midland, ON L4R 5J4
Midland, ON, L4R 5J4 · Midland
About this property
Midland triplex offering strong rental income and positive cash flow. All units are currently tenanted on a month-to-month basis with tenants in good standing. Each unit has separate hydro meters. Steel roof. The building includes two 2-bedroom units and one 3-bedroom : Unit 1-2 bedrooms $1,144.31 pm (month to month); Unit 2-2 bedrooms$1,700pm (12 month lease to March 1st 2027); Unit 3-3 bedrooms $1,190.53 pm (month to month.) 2024 water costs total $754.97. The purchase also includes the adjacent vacant lot at 1108 Harbourview Drive, as the existing septic system services both properties. Future potential to sever and create a separate building lot if municipal sewers are extended to the property (buyer to complete their own due diligence). Excellent opportunity for investors seeking stable income with future development potential.
Features & Amenities
- Basement: Half
- Garage: None
- Cooling: None
- Heat Type: Baseboard
- Heat Source: Electric
- Style: 1 Storey/Apt
- Construction: Vinyl Siding
- Sewer: Septic
Property Details
| Property Type | Residential Freehold |
|---|---|
| Property Sub-Type | Triplex |
| Architectural Style | 1 Storey/Apt |
| Bedrooms | 7 |
| Bathrooms | 3 |
| Lot Size | 0 Feet |
| Basement | Half |
| Garage | None |
| Parking Spaces | 6 |
| Heat Type | Baseboard |
| Heat Source | Electric |
| Cooling | None |
| Sewer | Septic |
| Annual Tax | $3,860 |
| Tax Year | 2025 |
Interior Features
- Interior Features
- None
Exterior Features
- Pool Features
- None
Building & Construction
- Architectural Style
- 1 Storey/Apt
- Construction Materials
- Vinyl Siding
- Foundation Details
- Block
- Roof
- Metal
- Basement
- Half
Heating & Cooling
- Heat Type
- Baseboard
- Heat Source
- Electric
- Cooling
- None
Parking & Garage
- Garage Type
- None
- Parking Spaces
- 6
- Parking Total
- 6.00
- Covered Spaces
- 0
Lot & Land
- Lot Size Area
- 0.18
- Lot Size Units
- Feet
- Lot Depth
- 164.00
- Lot Width
- 50.00
Financial & Tax
- Tax Annual Amount
- $3,860
- Tax Year
- 2025
- Possession Type
- Other
- Possession Details
- Flexible
Utilities & Services
- Sewer
- Septic
Room Details
- Rooms Above Grade
- 16
- Kitchens Above Grade
- 3
- Kitchens Total
- 3
- Bedrooms Above Grade
- 7
Additional Details
- Occupant Type
- Tenant
- Direction Faces
- East
- County Or Parish
- Simcoe
- Cross Street
- Harbourview Drive
- Directions
- Harbourview Drive to Gianetto Drive
- Special Designation
- Unknown
- Showing Requirements
- Lockbox, Showing System
Location
203 Gianetto Drive, Midland, ON L4R 5J4, Midland, ON, L4R 5J4